Looks like #chia #coin is failing and people are looking to flog their abused #drives to unsuspecting customers: https://www.tomshardware.com/news/used-c..
Interesting #crypto #coin #hack on the #polynetwork - where $600 million was #stolen and return by an #inexperienced #hacker https://www.youtube.com/watch?v=iB7hJA1E.. Crazy times we live in, but great video from #coffeezilla !
A pretty interesting #argument made against #ethereum #crypto #coin https://tomerstrolight.medium.com/the-pr.. Essentially it boils down to the #difficultybomb being pushed further and further back, without #accountability . My biggest concern is the lack of #regulation (which could be thought of as accountability) and the fluctuations of such a currency. It's both #decentralized - but also #destabilized !
#jordanpeterson has an interesting #podcast on the #advantages of #bitcoin https://www.youtube.com/watch?v=iVym9wto.. One thing I was not aware of is that #bitcoin #mining will apparently come to an end in the 'near' #future ... I still believe for the most part most #crypto #coin is a #pyramidscheme - but I am now more compelled by the #argument they make. I really suspect 99.99% of people using it *do not* understand it, but then that could also be said of standard #money too. I cautiously watch...
@barray on Sat Jun 19 04:15:44 UTC 2021 said: &eLatest video on the #crypto #scam from #coffeezilla regarding the ' #savethekids ' #coin #pumpanddump https://www.youtube.com/watch?v=3Xw9rWmT.. Very interesting indeed. People are for sure going to #jail ... This is some next level #fbi level #investigation type work.Nice, #coffeezilla got #hackernews #frontpage https://news.ycombinator.com/item?id=275.. This was regarding his video on #tether and the #scam they appear to be running over there. If #tethercoin falls, it will mean big ripples in the #crypto market as it's the main way to get #usd out.
The concept of #britcoin is quite concerning: https://www.youtube.com/watch?v=fWCsAKqy.. As I said previously, #crypto #coin and the like are just a #pyramidscheme and failure waiting to happen. A single #bitflip or coding #bug could bankrupt the entire #nation ! This is unbelievably dangerous and irresponsible.
I also keep trying to wan people about the perils of the #crypto market, but I suspect I have reached zero people so far: https://www.barrons.com/articles/jackson.. It is entirely a #pyramidscheme and the only way to make money is to get in early or be a big player (both of which go hand in hand). Any #coin that is not a #scam yet will go to zero in the future - it only takes one #flipped bit or one piece of bad #code to destroy it all.
@barray on Wed Jun 16 01:48:09 UTC 2021 said: &eAnd now the rest of the world catches up, #crypto may possibly be doomed: https://cryptoslate.com/legal-expert-say.. Looks like #tether and #binance #coin are an exceptional danger to the market. This could take years to unravel as yet.So apparently the #tethertoken (and #bitfinex too) - the #crypto pumping the price of #bitcoin is actually a #scam https://youtube.com/watch?v=-whuXHSL1Pg Seems like this entire house of cards could come tumbling down rather soon.